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120 Commercial Road, Nottingham NG6 8HU

Lot no: 7 Sold at Auction for £55,000
 

Guide Price £25,000+ plus fees

Unconditional with Variable FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts, pay a 5% deposit (subject to a minimum of £5,000) along with a non-refundable Buyer’s Fee of either 4.8% of the final sale price of the property up to and including £250,000, or 3.6% if the final sale price is over £250,000. The Buyer’s Fee is subject to a minimum of £6,000. Completion must take place usually within 30 days unless the Special Conditions of Sale state otherwise.

Thursday 30th March 2023

10.00am
Key Features
  • Popular Residential Location
  • Property currently laid out as two apartments
  • Potential to be put back as one house
  • Potential House Share (subject to consents)
  • In need of renovation and structural repair
  • EPC Rating: D
  • Council Tax Band: A
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Sold at Auction for £55,000

End of terrace house

Property Description:

A four storey end of terrace property currently laid out as 2 apartments and in need of significant refurbishment. This end terrace house could be left as 2 apartments, put back to a single dwelling or even made in to a house share (subject to planning permission).

The property has a cellar, main room and kitchen on the ground floor with access to the rear garden and the two further floors have a main living room, breakfast kitchen and bathroom on the first floor and two bedrooms on the second floor.

The property has incurred some structural issues and is in need of significant works to restore it to its former glory. Once renovated it has the potential to become an investment property with good income. The property lies within a popular residential location with good local amenities and transport links.

Ground Floor

Apartment One - Living Room/Bedroom, Kitchen, Cellar, Access to Rear Garden.

First and Second Floors:

Accessed via side door: Living Room, Breakfast Kitchen, Bathroom, Two Bedrooms.

Please Note

 Under the Estate Agents Act 1979 we are required to declare any conflict of interest. The seller of this property is also our partner agent in the sale, and will receive part of any Buyers Fee as commission. If you have any queries regarding this, please contact us for further information.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure:

Freehold. Vacant possession upon completion.



Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales).

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions’ Buyers Terms.


Auction Deposit and Fees

The following deposits and non- refundable auctioneer’s fees apply:

• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.


Additional Information

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.


Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
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